Apple lands most profitable quarter of 2021
Revenue up 21 percent and EPS up 35 percent to new all-time records.
Apple reported its largest-ever quarter when measured by revenue with $111.4 billion in Q4 revenue.
This is impressive! Apple Inc cornered nearly a quarter of the global smartphone market in the fourth quarter, making it the world’s biggest seller. I still remember the discussions of not too long ago when many pundits questioned Apple’s iPhone strategy and future potential. Well... I guess here’s the answer!Mr. Andreas von der Heydt, Vice President Merchandising at Chewy says via LinkedIn.
Apple today announced that it now has more than 1 billion active iPhones worldwide, up from 900 million in 2019, and 1.65 billion total active devices.
Apple reported its highest-ever net profit in the holiday quarter as revenues swelled way beyond forecasts to $111.4bn on the back of a 57 per cent rise(!) in sales in Greater China.Mr. Patrick McGee, San Francisco Correspondent at Financial Times.
Welcome to the super cycle: Apple just had the best quarter in the history of the smartphone.CNBC